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Accelerated Cost Recovery System
Description and Definition of Accelerated Cost Recovery System (ACRS)
Accelerated Cost Recovery System (ACRS) was a statutory method of depreciation allowing accelerated rates for most types of property used in business and income-producing activities during the years 1981 through 1986. This method allowed assets to be depreciated at a faster rate than had been allowed previously. It has been superseded by Modified Accelerated Cost Recovery System (MACRS) for assets placed in service after 1986.